Cryptoassets Regulatory Intelligence

United Kingdom (UK) · Module Detail

United Kingdom: Commercial Activity

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## Commercial Activity Spiko, a London and Paris-based platform for tokenised money-market funds, raised a $90m ($68.1m-equivalent) Series B led by NEA, with Index Ventures, Bpifrance and other investors participating, announced the week of 9 October 2026. The round is reported to fund scaling of Spiko's tokenised cash products. This financing activity occurs while the UK's underlying cryptoasset regulated-activities regime remains pre-commencement ahead of 25 October 2027, indicating continued private investment appetite for tokenisation infrastructure independent of the regime's commencement timeline. This finding rests on a single tier-3 source and should be read as probable rather than confirmed. ## Outlook Further corroboration of the Spiko round's terms and confirmation of its UK nexus beyond the reported London base would strengthen this finding; it is flagged here as reported but not yet independently confirmed.

no periodic updates on record for this sub-brief

Sources and findings (1)
  1. T3Spiko — Spiko (London/Paris tokenised money-market-fund platform) raised a $90m/£68.1m Series B led by NEA (with Index Ventures, Bpifrance and others) to scale tokenised cash products, announced week of 9 Oct 2026retrieved M2non-binding